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Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this...
Persistent link: https://www.econbiz.de/10010262526
Highly-skilled migrants are becoming a more important part of the world economy and of policy debates in a diverse set … of countries. The proliferation of skills around the world, increases in world trade, the growth of R&D, and the general …
Persistent link: https://www.econbiz.de/10010262573
Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990) pioneering study. Having sketched the theoretical background, we chart the course of the modern empirical literature. We focus mainly on dismissals protection, distinguishing...
Persistent link: https://www.econbiz.de/10010262586
We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyze whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond...
Persistent link: https://www.econbiz.de/10010262687
centuries. It begins with a review of the history of primarily trans-Atlantic migration to the New World during the period of … Oceania and from parts of Asia (primarily India, China and Japan) to other parts of Asia, Africa and the New World. World wars …, immigration restrictions and the Great Depression resulted in a period of low international migration (1913 to 1945). In the post-World …
Persistent link: https://www.econbiz.de/10010262688
Using a data set of historical battles from 1600 to 1973, this paper analyzes the empirical determinants of tactical success in modern war. Based on a reduced form approach we consider key elements of military theory as factors in the production of combat success, formalized in a military...
Persistent link: https://www.econbiz.de/10010262748
common component, we find evidence for a ?world business cycle? as well as evidence for a distinct European common component …
Persistent link: https://www.econbiz.de/10010262765
We estimate the effect of class size on student performance in 18 countries, combining school fixed effects and instrumental variables to identify random class-size variation between two adjacent grades within individual schools. Conventional estimates of class-size effects are shown to be...
Persistent link: https://www.econbiz.de/10010262767
The demographic history of the Jews in the Middle Ages may be characterized by two main phenomena: i) a sharp drop in the number of Jews until the beginning of the modern period, due mainly to conversions; and, ii) early urbanization. Until now, these features have been analyzed as primarily...
Persistent link: https://www.econbiz.de/10010262769
There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant effect on child labour. Consistently with the theory, a...
Persistent link: https://www.econbiz.de/10010262781